Ethiopia Market Profile

March 13, 2015 - 3:16pm from Center for Financial Inclusion Blog
> Posted by Center Staff #147841446 / gettyimages.com In over 100 countries around the world, central banks, stock markets, finance providers, NGOs, and others are coming together en masse this week and next to target the financial inclusion of one of the most underserved client segments: children and youth.
February 19, 2015 - 9:39pm from Acumen Fund Blog
Acumen announces its new investment in First Access, a data analytics company improving access to formal financial services for low-income East African communities. In East Africa, only 22 percent of the population has access to formal financial services with the region’s poor having even less at 10 percent. ...
February 5, 2015 - 4:32pm from Center for Financial Inclusion Blog
> Posted by the Microfinance CEO Working Group The following post was originally published on the Microfinance CEO Working Group blog. The American Economic Journal has published an issue dedicated to six new studies measuring the impact of ...
February 3, 2015 - 1:52pm from Microfinance Africa
The MFI has acquired a CORE banking system from Neptune for undisclosed sum The Somlai Region is going to open a second Micro Finance Institution (MFI) from which is going to extend loans from 10pc to 20pc. This will be the second in the region. Rays MFI received approval from the National Bank of Ethiopia (NBE) on January 26, 2015, which will enable it to commence operations. This happened four years after the first, the Somali MFI, opened its office in the ...
February 2, 2015 - 9:06am from Google news - microfinance
Somali Region Gets a Second Micro Finance InstitutionsAddis FortuneThe Somlai Region is going to open a second Micro Finance Institution (MFI) from which is going to extend loans from 10pc to 20pc. This will be the ...
February 2, 2015 - 3:30am from Acumen Fund Blog
Acumen is proud to announce the selection of our fourth cohort of East Africa Fellows. After a competitive application process, we’ve chosen a diverse group of 21 leaders from five different countries in the region: Kenya, Uganda, Tanzania, Rwanda and, for the first time, Ethiopia. This year’s Fellows are fighting poverty and changing lives across East Africa through unique initiatives that range from providing much-needed ambulance services to helping make hygienic sanitation more ...
January 31, 2015 - 10:53am from MicroCapital
Event Name: Services for the Poor: Lessons and Implications of the Latest Research on Credit Event Date: February 27, 2015 Event Location: Preston Auditorium, World Bank Headquarters, Washington DC Cost: The event is free of charge, however advance registration is necessary. Summary of Event: This conference will present the findings from randomized evaluations that evaluate the impacts of microfinance in Bosnia and Herzegovina, Ethiopia, India, Mexico, ...
January 26, 2015 - 12:48pm from Microfinance Africa
Six studies in four continents, including one in India, have shown no evidence of microcredit successfully alleviating poverty, researchers said on Friday. Microcredit also had no impact on women’s empowerment, the findings showed, upturning one of the articles of faith of development policy, including in India. Conducted by researchers affiliated to Innovations for Poverty Action (IPA) and The Abdul Latif Jameel Poverty Action Lab (J-PAL) at MIT, which has gained a global ...
December 22, 2014 - 6:16pm from Center for Financial Inclusion Blog
> Posted by Madeleine Dy, International Programs Manager, Water.org More than 100 leaders from the water, sanitation, and finance sectors came together October 21-22, 2014 for the second East Africa WaterCredit Forum in Nairobi to share progress made and to brainstorm lasting solutions to the water and sanitation crisis affecting East Africa. In Kenya, for example, access to safe ...
November 21, 2014 - 5:40pm from GiveWell Blog
Summary The Deworm the World Initiative (DtWI), led by Evidence Action, received approximately $2.3 million as a result of GiveWell’s recommendation last year. While there were some deviations, it largely allocated these funds as we expected. DtWI now has limited room for funding; it is currently seeking to raise an additional $1.3 million to support its activities in 2015 and 2016. We expect it to allocate approximately 30% of the additional funds it ...
November 10, 2014 - 3:26pm from GiveWell Blog
Note: GAIN has reviewed a draft of this post and added responses below. The Global Alliance for Improved Nutrition (GAIN) focuses on reducing malnutrition by fortifying foods and condiments with essential nutrients and through other interventions. We have been considering GAIN for a 2014 recommendation for its work on Universal Salt Iodization (USI) because of our impression that iodization has strong evidence of effectiveness, cost-effectiveness, and room for more funding ...
November 4, 2014 - 3:27am from MicroCapital
SatADSL (Asymmetric Digital Subscriber Line), a Belgian telecommunications company that provides internet services in Sub-Saharan Africa, recently announced that it plans to provide microfinance institutions and money transfer firms with automated teller machines (ATMs) and money transfer capabilities using “ very small aperture terminal” (VSAT) equipment. Michel Dothey, the Business Development Director at SatADSL, reportedly stated that, “VSAT equipment linked to the satellite ...
October 28, 2014 - 12:33pm from Global development: Poverty matters blog | guardian.co.uk
Eritrea is the most closed and repressive country in Africa, routinely denying access to the international media. No foreign journalists are based in the country and there is no independent local press. However, in a rare and courageous breach of the wall of ...
October 23, 2014 - 5:05am from MicroCapital
Project Concern International (PCI), a US-based non-governmental organization (NGO), recently announced that it plans to scale up the operations of its Women Empowered (WE) initiative by providing approximately 250,000 women, in addition to the 230,000 women it currently serves, with tools and training for their businesses. The announcement was made at the recent annual meeting of the Clinton Global Initiative (CGI), a program that brings together global leaders in an effort to address ...
October 22, 2014 - 2:03pm from Global development: Poverty matters blog | guardian.co.uk
It is now three decades since Ethiopia experienced the infamous famine that cost the lives of more than a million people. The tragedy prompted the BBC’s Michael Buerk to describe it as “a biblical famine in the 20th century” and “the closest thing to hell on Earth”.In sharp contrast with that devastating poverty, Ethiopia is now widely considered ...
October 22, 2014 - 2:02pm from Global development: Poverty matters blog | guardian.co.uk
The 30th anniversary of a key moment in modern TV journalism will be marked on 23 October: Michael Buerk’s broadcast of a “biblical famine”, filmed in a remote part of northern Ethiopia. The images shot by Kenyan cameraman Mohammed Amin, together with Buerk’s powerful words, produced one of the most famous television reports of the late 20th century.Long before ...
October 22, 2014 - 12:46pm from Microfinance Africa
Moody’s Analytics, The MasterCard Foundation and Catholic Relief Services to Collaborate on Social Performance Assessments for Sub-Saharan Microfinance NEW YORK – Aiming to bring greater transparency to microfinance across Sub-Saharan Africa, Catholic Relief Services (CRS), The MasterCard Foundation and Moody’s Analytics have launched an innovative collaboration to use Moody’s Analytics’ social performance assessments (SPA) to help microfinance ...
October 16, 2014 - 12:10pm from Microfinance Africa
Nairobi, Kenya: Water.org has announced plans to invest over Sh178million (US$2million) in Water Credit programs in the next one year to ensure accessibility to safe water and sanitation in Kenya and Uganda. The organization is also looking to expand the Water Credit programs by working with a diverse set of financial institution partners and funders to attract additional capital to the Water Credit ecosystem. So far, Equity Bank, Kenya Women Finance Trust, ...
September 30, 2014 - 5:48am from MicroCapital
The Canadian Minister of International Development, Christian Paradis, recently announced that the Canadian government will provide CAD 309 million (USD 279 million) to the African Development Fund (ADF), a fund that provides loans and grants to its 40 African member countries, to support the 13th replenishment of ADF’S budget funds. The donation is intended to support the African Development Bank (AfDB), the parent organization of ADF, in supporting development and poverty reduction ...
September 29, 2014 - 1:01pm from Microfinance Africa
In Ethiopia, the National Bank of Ethiopia (EBE) took over the responsibility to license and organize the working of MFIs. The NBE is helping MFIs through prudential regulations. These regulations were aimed at promoting the sector to alleviate poverty, introducing financial discipline and best delivery of financial services, protecting depositors prohibiting NGOs which mix charity with lucrative lending. NBE license, supervise and regulate financial institutions such as ...